Africa Oil & Gas: Ghana Focus On Onshore Oil Discovery

President Nana Addo Dankwa Akufo-Addo, recently pledged his government’s commitment to the exploration and discovery of oil in commercial quantities onshore, specifically in the Voltaian Basin.

In that direction, he commended the bold step taken by the Ghana National Petroleum Corporation (GNPC) to find oil and gas in the Voltaian Basin, saying that Government would lend all the support needed to make the endeavor a success.

President Akufo-Addo gave that assurance in Takoradi at a durbar of stakeholders in the Petroleum industry, government officials and traditional authorities in the Western Region, after turning on the valves on the Floating Production Storage and Offloading vessel (FPSO) John Agyekum Kufuor to signal the formal production of oil in commercial quantities from the Sankofa oil and gas fields in the Cape Three Points.

The symbolic ceremony was done offshore by the President turning the production valve of the FPSO and opening a Subsea Well Choke.

The President stated that the efficient management of petroleum resources and its associated revenues was a national priority, as the oil industry had become an important contributor to the country’s economy.

He said the Government would, therefore, ensure the judicious management of nation’s oil resources in order to better the welfare of the Ghanaians, promote employment, improve the environment, and strengthen trade and industrial development in the country.